Featured Archives • Page 18 of 1003 • Financial News

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Swiss central bank cuts interest rates for third time this year and flags further action

THE Swiss National Bank (SNB) cut interest rates by 25 basis points on Thursday (Sep 26), its third such reduction this year, as it echoed steps to lower borrowing costs taken by the European Central Bank (ECB) and US Federal Reserve, and said more cuts could follow.

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Swiss central bank lowers rates and flags further cuts as inflation eases

THE Swiss National Bank reduced interest rates by 25 basis points on Thursday (Sep 26), echoing steps to lower borrowing costs by the European Central Bank and US Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.

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T-bill cut-off yield falls to 2.97% in first auction after Fed announces rate cut

THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.97 per cent in the first auction after the US Federal Reserve announced it was cutting rates in September.

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China weighs injecting 1 trillion yuan of capital into top banks

CHINA is considering injecting up to 1 trillion yuan (S$183 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter.

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RBNZ says bank capital rules just one part of lending decisions

NEW Zealand’s central bank has defended its position on bank capital requirements after claims they may be contributing to a lack of competition between lenders.

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Australia central bank warns households against over-borrowing once rates fall

AUSTRALIA’S central bank on Thursday cautioned borrowers against taking on excessive debt when interest rates start to fall and risking a boom/bust cycle, though it judged the financial system remained resilient overall.

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Bank of Japan policymakers divided on future rate hike pace, July minutes show

BANK of Japan policymakers were divided on how quickly the central bank should raise interest rates further, minutes of the bank’s July meeting showed, highlighting uncertainty on the timing of the next increase in borrowing costs.

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Citibank to close last branch in Singapore in October amid shift to wealth hubs

CITIBANK will close its last branch in Singapore as it focuses on serving customers online and advising affluent clients at its wealth hubs.

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Blackstone confirms £10 billion investment in Britain for AI data centre

US PRIVATE equity firm Blackstone has confirmed a £10 billion (S$17.2 billion) investment for an artificial intelligence data centre in northeast England, the British prime minister’s office said on Wednesday.

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PayPal expands cryptocurrency offerings to US business accounts

PAYPAL Holdings will now permit merchants to buy, hold and sell cryptocurrency from their business accounts, expanding on the payments firm’s already-available consumer offerings.

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